QWL Horizon Fund No.1
Investment:
Neighbourhood shopping centre anchored by a 2,900sqm Woolworths supermarket and 2,200sqm of specialty shops acquired for $12 million in June 2009. The centre has value enhancement potential through expansion of the supermarket and specialty shop areas.
Role:
Responsible Entity and Fund Manager
Responsibilities:
- Property acquisition and feasibility
- Equity capital raising
- Debt raising and debt facility management
Value enhancement management and delivery- Fund administration and compliance
- Unit holder reporting
- Fund termination
Mango Hill Development Fund No.1
Investment:
Development of a 7,700sqm mixed use retail and commercial centre anchored by a 4,000sqm Coles supermarket, 2,600sqm of specialty shops and 1,100sqm of commercial tenancies. It is due for completion in late 2011 with projected on completion value of $40 million.
Role:
Trustee and Fund Manager
Responsibilities:
- Site acquisition and project feasibility
- Equity capital raising
- Debt raising and debt facility management
Building completion and project delivery- Project leasing and sale
- Fund administration and compliance
- Unit holder reporting
- Fund termination
Horizon Property Opportunity Fund
Investment:
Development of a 1,250sqm showroom and light industrial centre. The project is currently being marketed for leasing pre commitments with anticipated completion mid 2011.
Role:
Trustee and Fund Manager
Responsibilities:
- Site acquisition and project feasibility
- Equity capital raising
- Debt raising and debt facility management
- Building completion and project delivery
Project leasing and sale- Fund administration and compliance
- Unit holder reporting
- Fund termination